The word retribution taken from the Latin ‘taxo’ which means mandatory economy fares or some classifications of levies foisted on taxpayers, taxpayers could be personals or another legal organizations. Failure to pay, together with nonacceptance of taxation, could be punished by law. Tax consists of indirect or direct taxes also can be paid in the form of money or equivalent to labor.
Most countries have a tax system that is used to pay for public needs and to build public facilities that are mutually agreed upon. several levies are a fixed percentage rate of personal annual income, but most retribution scales are based on annual revenue. Most countries impose taxes on corporate revenue also dividends. Countries usually also foist value added taxes, property taxes, salary or tariff taxes, sales taxes.
This blog provides many templates of various types of taxes stated above, so you could easily do your tax calculations both private and legal entities.
These templates can also be used for students who study about taxes to complete their homework assignments. Also for workers who do company tax calculations in their daily work. Hope this inspires you all.
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